Press release
Infrared Thermometer Market to reach USD 767.21 Mn. by 2029, emerging at a CAGR of 12.02 percent and forecast 2023-2029
Infrared Thermometer Market
The Infrared Thermometer Market report offers an in-depth analysis of market dynamics, covering recent developments, ongoing trends, and future projections. It simplifies complex data and provides a clear understanding of market changes for newcomers, industry giants, and followers alike. By incorporating PORTER and PESTEL analyses and considering both internal and external factors, the report equips decision-makers with a forward-looking perspective.
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Infrared Thermometer Market Research Methodology
The report employed a meticulous bottom-up approach to gather data and estimate market size by countries. A comprehensive analysis of market drivers and restraints was conducted at the local, regional, and global levels. The research incorporated both primary and secondary data collection methods, including interviews with representatives from healthcare industries, hospitals, food and beverage companies, and manufacturers in the infrared thermometer industry. Additionally, secondary sources such as WHO reports, National Center for Health Statistics, and health data APIs were extensively utilized.
What are Infrared Thermometer Market Dynamics:
The introduction of Bluetooth non-contact infrared thermometers by industry participants is expected to drive market expansion. Notably, Telepower Communication Co., Ltd. introduced a Bluetooth non-contact infrared thermometer, contributing to market growth. The outbreak of COVID-19 has also spurred demand for non-contact infrared thermometers, as they proved effective for fever monitoring, thus supporting the expansion of the market.During the pandemic, challenges in measurement accuracy emerged, especially in China, where infrared thermometers were used in harsh conditions. Some Chinese OEMs provided low-cost infrared thermometers, which, unfortunately, fell short in terms of quality. As a result, many foreign customers returned these thermometers due to their poor performance in intense heat and heavy humidity.
Infrared Thermometer Market Regional Insights:
North America led the market in 2022 with a share of over 35.5%. The region's sizable population, the presence of key companies like Cole Palmer, Braun Healthcare, and Tyson Foods, along with the application of infrared thermometers in the food and beverage industry, played a pivotal role in this achievement. Meanwhile, Asia Pacific is projected to experience the highest CAGR, driven by a shift in lifestyles leading to an increase in acute diseases and, subsequently, the prevalence of fever in the region.
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What is Infrared Thermometer Market Segmentation:
The report segments the market based on applications, types, and end-users. Notably, the medical application segment is anticipated to exhibit the fastest CAGR of over 13.2%, driven by the rising population and increased instances of fever-inducing illnesses. Handheld non-contact thermometers are expected to dominate the market due to their convenience, accounting for over 74.2% of the market share in 2022. The healthcare sector is predicted to experience the fastest CAGR, followed by the hospitality and automotive sectors, which also demonstrate substantial growth.
Global Infrared Thermometer Market, by Application (2021-2029)
• Medical
• Non-Medical
Global Infrared Thermometer Market, by Type (2021-2029)
• Handheld Thermometer
• Fixed-mount Thermometer
Global Infrared Thermometer Market, by End-User (2021-2029)
• Healthcare industry
• Food & Beverage industry
• Automobile
• Hospitality Industry
• Others
Global Infrared Thermometer Market, by Component (2021-2029)
• Optical Components
• Electronics
• Display and Control Units
• Others
Global Infrared Thermometer Market, by Product Type (2021-2029)
• Contact Thermometers
• Non-contact Thermometers
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Who are Infrared Thermometer Market Key Players:
1. American Diagnostic Corporation(US)
2. FLIR(US)
3. Testo(US)
4. Cardinal Health(US)
5. Thermomedics, Inc.(US)
6. Exergen(US)
7. Welch Allyn - A Hill-Rom Inc. Company(US)
8. Electronic Temperature Instruments Ltd(UK)
9. PCE Instruments(UK)
10. Geratherm Medical AG(Germany)
11. PAUL HARTMANN AG(Germany)
12. Braun GmbH(Germany)
13. Microlife Corporation(Switzerland)
14. BPL Medical Technologies(Denmark)
15. Contec Medical Systems Co., Ltd.(China)
16. OMRON Corporation(Japan)
17. AMETEK Land(UK)
Table of content for the Infrared Thermometer Market includes:
Global Infrared Thermometer Market: Research Methodology
Global Infrared Thermometer Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Infrared Thermometer Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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